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TRADE PARTNERS' EDITION, 1 JULY 2012
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Versions of OECD publications that can be read on mobile devices are now available for selected OECD publications and will become available for all publications by the end of the year when clicking on the "Read" button on the OECD iLibrary. See the example for the OECD Economic Outlook All new books will be available on mobile devices starting in July. Backlist will be added during the course of the next six months.
OECD Subscription Prices for 2012: Price list 2013 prices now being prepared.
New OECD Key Titles Catalogue, 2012: Catalogue
OECD iLibrary: Brochure
OECD publications will be on
exhibit at the following events in the coming months:
- Special Libraries Association, 15-18 July 2012, Chicago, Illinois, USA
- National Association for Business Economics, 13-16 October 2012, New York, New York, USA
- Frankfurt Book Fair, 10-14 October 2012, Franfurt, Germany

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Systemic Financial Risk: Book on Online Bookshop | Book on OECD iLibrary A timely book on how to regulate the financial industry.
African Central Government Debt 2012: Book on Online Bookshop | Book on OECD iLibrary
Competitiveness and Private Sector Development: Ukraine 2011: Sector Competitiveness Strategy: Book on Online Bookshop | Book on OECD iLibrary
Greece’s failure to investigate major foreign bribery cases raises significant concerns, says OECD: Press release | Report (PDF - 658 kb)
Slovak Republic must urgently introduce effective legislation holding companies liable for foreign bribery: Press release | Report (PDF - 639 kb)
Sweden's enforcement of foreign bribery laws far too weak: Press release | Report (PDF - 533 kb)
Forthcoming
-OECD Guidelines on Corporate Governance of State-Owned Enterprises
-Stocktaking of Business Integrity and Anti-Bribery Legislation, Policies and Practices in Twenty African Countries: Book listing
-Capital Markets in the Dominican Republic: Tapping the Potential for Development: Book listing
-Competitive Neutrality: Maintaining a Level Playing Field between Public and Private Business: Book listing
-Financial Education in Schools: Policy Guidance, Challenges and Case Studies: Book listing

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OECD and the G20: Website
The United States needs to foster education and innovation to keep its cutting edge, says OECD Economic Surveys: United States 2012: Press release | Book announcement | Book on Online Bookshop | Book on OECD iLibrary Got lots of publicity. Should do well.
OECD Economic Outlook, Volume 2012, Issue 1: Print version is now available: Book on Online Bookshop | Book on OECD iLibrary Always a bestseller!
OECD Economics Department Working Papers
-963: Promoting Social Cohesion in Korea
-964: Achieving the "Low Carbon, Green Growth" Vision in Korea
-965: Sustaining Korea's Convergence to the Highest-Income Countries
-966: International Capital Mobility and Financial Fragility - Part 3. How Do Structural Policies Affect Financial Crisis Risk? Evidence from Past Crises Across OECD and Emerging Economies
-967: International Capital Mobility and Financial Fragility - Part 4. Which Structural Policies Stabilise Capital Flows When Investors Suddenly Change Their Mind? Evidence from Bilateral Bank Data
-968: International Capital Mobility and Financial Fragility - Part 5. Do Investors Disproportionately Shed Assets of Distant Countries Under Increased Uncertainty? Evidence from the Global Financial Crisis
-971: Credit Crises and the Shortcomings of Traditional Policy Responses
-972: Europe's New Fiscal Rules
-973: An Analysis of Productivity Performance in Spain Before and During the Crisis: Exploring the Role of Institutions
OECD Economics Policy Papers
-2: International Capital Mobility: Press release | Paper
Forthcoming
-OECD Economic Surveys: Turkey 2012

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Let's Read Them a Story! The Parent Factor in Education: Book on Online Bookshop | Book on OECD iLibrary Designed for parents, and priced like a trade publication, this book should do well. Get your copies in stock today!
Delivering School Transparency in Australia: National Reporting through My School: Book on Online Bookshop | Book on OECD iLibrary (PDF available now; printed book to come soon!)
Higher Education Management and Policy, Volume 24 Issue 1 includes articles on the impact of accreditation on the reform of study programmes, higher education strategy in Ireland, strategic planning for academic research, alternative researcher identities, university admissions testing, drivers for knowledge exchange and institiutional strategies for responding to skills policy. Subscribe to the journal | View issue on OECD iLibrary
Innovative Research-Based Approaches to Learning and Teaching: Working paper
Hybrid Learning Environments:
Merging Learning and Work Processes to Facilitate Knowledge Integration and Transitions: Working paper
educationtoday: OECD’s blog on global perspectives on education: Blog
Forthcoming
-School Leadership: The creation of a common school culture: Teaching and Learning: International Survey (TALIS 2008 Data thematic report)
-Innovation in School Education: TALIS Thematic Report
-Reviews of National Policies for Education: Higher Education in the Dominican Republic 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Canada 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Teacher Evaluation in Chile 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Czech Republic 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Japan 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Korea 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Luxembourg 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Mexico 2012: Book listing
-Quality Matters in Early Childhood Education and Care: New Zealand 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Norway 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Portugal 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Sweden 2012: Book listing
-Quality Matters in Early Childhood Education and Care: United Kingdom 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Slovak Republic 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Teacher Evaluation in Chile: Book listing
-OECD Reviews of Vocational Education and Training: Skills beyond School Review of Switzerland: Book listing
-Modernising Secondary School Buildings in Portugal: Book listing
-Untapped Skills: Realising the Potential of Immigrant Students: Book listing
-Connected Minds: Technology and Today's Learners

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Urban Energy Policy Design: Article by IEA's Executive Director
IEA Executive Director on bioenergy fact-finding mission in Malaysia: Press release
IEA to share energy expertise and data with Russian forecasting firm and grid operator: Press release
Russia’s monthly oil exports reach highest level in a year: Press release
Forthcoming
-Energy Policies
of OECD Countries: Slovak Republic 2011
-Electricity Security and a Climate-constrained World
-Energy Policies of IEA Countries: Switzerland 2012
-Energy Policies of IEA Countries: Ireland 2012

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OECD and Rio+20: Website
Green innovation in tourism can trigger major economic, social and environmental benefits: Press release

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Methods for Safety Assessment of Geological Disposal Facilities for Radioactive Waste: Report (PDF - 5.11 mb)
The Role of Nuclear Energy in a Low-Carbon Energy Future: Report (PDF - 1.45 mb)

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Green innovation in tourism can trigger major economic, social and environmental benefits: Press release

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The OECD Regulatory Reform Review of Indonesia: Market Openness: Working paper
Monthly Export Credit Interest Rate Update: Website

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June 2012 ITF Newsletter highlights new road safety database for Latin America and the Caribbean: Newsletter
Electric Cars: Ready for Prime Time? Policy Brief (PDF - 92 kb)
Forthcoming:
-Trends in the Transport Sector 2012: Book listing
-Pedestrian Safety, Urban Space and Health: Book listing

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Inequality, the crash and the crisis. Part 3: The Limit to Inequality
The key lessons of the 2008 Crash are now becoming clear. For the last thirty years, some of the world’s most important economies have been applying a faulty theory on the way the economy works. Demand in most large economies is wage-led not profit-led. That is, a lower wage share leads to lower growth. This is also true in aggregate of the global economy.
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Rio+20=0?
Many politicians “cannot resist the power of the Invisible Demons, because they Secretly Serve the Invisible Demons”, according to one comment on the Rio+20 outcome document on the blog of Kumi Naidoo, Executive Director of Greenpeace International. I had a more lurid image of Satan and his minions, but it’s true that an eternity spent affirming, acknowledging, underscoring, stressing, recognising and recalling the need for holistic and integrated approaches to this and that would qualify as a reasonable definition of Hell in most religions. And speaking of definitions, Greenpeace’s political director Daniel Mittler described Rio+20 as an “epic failure … developed countries have given us a new definition of hypocrisy”. Other civil society organisations agree, including Oxfam, WWF, and the International Confederation of Free Trade Unions. How about the OECD? Read more
Turing’s Economics: A Birth Centennial Homage
The “Five Turing Classics” – On Computable Numbers, Systems of Logic, Computing Machinery and Intelligence, The Chemical Basis of Morphogenesis, and Solvable and Unsolvable Problems– should be read together to understand why there can be something called Turing’s Economics. Herbert Simon, one of the founding fathers of computational cognitive science, was deeply indebted to Turing in the way he tried to fashion what I have called “computable economics”, acknowledging that “If we hurry, we can catch up to Turing on the path he pointed out to us so many years ago.” Simon was on that path, for almost the whole of his research life. It has been my mission, first to learn to take this “path”, and then to teach others the excitement and fertility for economic research of taking it too.
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Going with the flow: Can analog simulations make economics an experimental science?
Nobel Laureate James Meade related how, “Once upon a time a student at London School of Economics got into difficulties with such questions as whether Savings are necessarily related to Investments, but he realized that monetary flows could be viewed as tankfuls of water…” Meade’s support led to the young Bill Phillips’ creation of the Moniac, a sophisticated hydromechanical analog simulator, a cascade of tanks and interconnecting valves controlled by slotted plastic graphs representing the major sectors of the British economy. It was a fully dynamic simulator that, as Phillips explained in a 1950 paper, “will give solutions for non-linear systems as easily as for linear ones. The relationships need not be in analytical form if the curves can be drawn”.
Meade recognized the machine’s dynamic nature and the visibility of its flows as a powerful teaching tool. A favorite exercise at London School of Economics was to run an experiment on the impact of uncoordinated government intervention. One student (the “Chancellor of the Exchequer”) controlled taxation and public spending, a second managed monetary policy (“Head of the Bank of England”). Told to achieve a stable target level of national income while disregarding each other’s actions, they produced results that were invariably messy. Phillips used his machine to investigate many complex issues, leading to his applications of feedback control theory to economics and the Phillips curve showing the relationship between inflation and unemployment for which he is famous.
So why the current lack of analog simulations, which can reveal an economy’s dynamics yet are regulated by the physical laws of the analogy on which they are based? Read more
What can NASCAR teach NASDAQ about avoiding crashes?
The Flash Crash wiped one trillion dollars off US stocks in 20 minutes on May 6, 2010, with most of the damage being done in only five minutes. But it took the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) nearly five months to produce a report on those five minutes. If it takes so long to reconstruct and analyze an event that has already happened, imagine the difficulties in trying to regulate and prevent such incidents in markets where 1500 trades are made in the time it takes you to blink and where dozens of globally interconnected exchanges and trading facilities have replaced a small number of centralized stock markets. The Lawrence Berkeley National Laboratory (LBNL) is actually a Department of Energy national laboratory, but we work in a number of data-intensive scientific areas where detecting and predicting particular events is crucial, ranging from cosmology to climate change. In 2010, Horst Simon, then director of LBNL’s Computational Research Division (now deputy director of LBNL) and I co-founded LBNL’s Center for Innovative Financial Technology (CIFT) to help build a bridge between the computational science and financial markets communities. Read more
Economic Models used in the OECD Economics Department
Macroeconomics and, more specifically, economic models have come in for widespread criticism for their failure to predict the financial crisis. Informed criticism often focuses on so-called “Dynamic Stochastic General Equilibrium” models (mercifully abbreviated to DSGE models), which had become the dominant approach to macroeconomic modelling in both academic and policy circles. Such models based on assumptions of “efficient markets” and “optimising agents” with “rational expectations”, seemed to rule out the possibility of financial crises by the very nature of their assumptions. The approach to economic modelling within the OECD is, however, much more eclectic with a large number and wide variety of different models used for different purposes.
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